Retail traders, not hotshots like MicroStrategy, made Bitcoin in 2020
Without the global retail trader base, the Bitcoin market would not be what it is today: The investment champion of 2020. The twists and turns of 2020 made it arguably the best year on record to be a trader, especially if you were involved in cryptocurrencies. May’s third Bitcoin halving, coupled with the euphoric market volatility that swept global markets, made 2020 a year of gains and opportunities for crypto traders.By November, it was already clear Bitcoin (BTC) and other major cryptocurrencies had cemented their status as a recognized asset class among retail and institutional....
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MicroStrategy's massive push into Bitcoin is paying off, with shares skyrocketing and huge new investment from Morgan Stanley. Per a filing with the Securities and Exchange Commission released on Jan. 8, investment bank Morgan Stanley had acquired 792,627 shares in business intelligence firm MicroStrategy. The investment represents a 10.9% stake in a firm that has made massive investments in Bitcoin over the past several months. The purchase apparently happened on Dec. 31. MicroStrategy has had a colossal month, seeing its shares move from $289 on Dec. 8 to $545 as of Jan. 8. Source:....
Nasdaq-listed billion-dollar company Microstrategy has made its third large bitcoin purchase. The company now holds about 40,824 bitcoins, worth over $780 million at the current price. Microstrategy’s Third Bitcoin Buy Microstrategy Inc. (NASDAQ: MSTR) has bought more bitcoins. CEO Michael Saylor tweeted Friday: Microstrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin. We now hold approximately 40,824 bitcoins. Microstrategy also informed the U.S.....
The Bitcoin market has been extremely volatile and leaning towards dips that left many traders and investors on panic mode. Companies like Tesla and MicroStrategy are experiencing the same dilemma with their Bitcoins suffering tragic lows. Suggested Reading | Madonna Gives Birth To Flora And Fauna In 1st Beeple NFT Project (That’s NSFW) MicroStrategy And […]
Michael Saylor is one of the most vocal supporters of bitcoin and is CEO of MicroStrategy, the company with the largest bitcoin holdings in the world. The CEO has always been a big proponent of the digital asset, taking both a personal and professional stake in the asset. Saylor had revealed in 2020 that he holds over 17,000 BTC. At this time, bitcoin was still trading below $30,000 and Saylor had said that he got all of his holdings for an average of $9,882. Bitcoin has since grown over 100% since the CEO made his big reveal, pushing the value of Saylor’s holdings to almost $1 billion.....
Bitcoin always has big names behind its back, and – why not? According to MicroStrategy founder Michael Saylor, the emergence of Bitcoin as an investment could herald the end of gold as an asset class in the long run. Saylor, the outgoing CEO of MicroStrategy and a crypto bull, made this claim in December of […]